All About ZiG, Zimbabwe’s Latest Shot at a Stable Currency
A ten ZiG banknote in Harare, Zimbabwe.
Photographer: Cynthia R Matonhodze/BloombergThis article is for subscribers only.
Zimbabwe’s sixth attempt in 15 years to establish a national currency is already running into trouble.
The ZiG, short for Zimbabwe Gold, was launched in April to replace the crumbling Zimbabwean Dollar, and was backed up by gold and foreign currency reserves.